ScanSource reports better-than-expected Q3 sales

MikeTarsala

SAN FRANCISCO (CBS.MW) -- ScanSource
SCSC, +0.32%
distributor of point of sale and telephony products, said Monday it expects fiscal third-quarter sales in the range of $288 million to $295 million, up from $227.5 million a year earlier. Analysts polled by Thomson First Call had been expecting sales of $278 million, on average. As is its quarterly practice, ScanSource said it is not ready to disclose its profit margin, the mix of its sales, or other financial information at this time. The company is scheduled to report results on April 22. ScanSource shares rose $2, or 3.8 percent, to $54 in after-hours trading.

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